Liveris revealed in a "Squawk Box" interview that he met with Buffett this week, and the Berkshire Hathaway boss said: "'We're an owner and we like being an owner. And frankly, we think you've been running the company for the investors who will stay versus the investors who will leave.'"

A Buffett representative confirmed this exchange….

Liveris said he has yet to meet with Loeb. "We've tried a few times. And we're getting our schedules organized. I look forward to it."

But he wanted to assure Loeb and other shareholders that Dow and its board have "looked at every single option" to unlock value for investors.